Teradata (NYSE:TDC) Posts Earnings Results, Beats Expectations By $0.12 EPS

Teradata (NYSE:TDC) posted its quarterly earnings data on Thursday. The technology company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.12, Bloomberg Earnings reports. The business had revenue of $478.00 million for the quarter, compared to analyst estimates of $485.17 million. Teradata had a return on equity of 21.44% and a net margin of 1.07%. The business’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 earnings per share. Teradata updated its FY 2019 guidance to $1.45-1.55 EPS and its Q3 2019 guidance to $0.38-0.42 EPS.

NYSE:TDC traded down $2.70 during mid-day trading on Friday, reaching $32.99. The company’s stock had a trading volume of 2,221,780 shares, compared to its average volume of 881,801. The stock’s fifty day moving average price is $35.88. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.37 and a current ratio of 1.42. Teradata has a twelve month low of $32.83 and a twelve month high of $49.42. The company has a market cap of $4.18 billion, a PE ratio of 37.49, a P/E/G ratio of 1.91 and a beta of 1.19.

In other Teradata news, CFO Mark Culhane purchased 1,400 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were purchased at an average cost of $39.35 per share, with a total value of $55,090.00. Following the purchase, the chief financial officer now owns 57,485 shares in the company, valued at $2,262,034.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.12% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the business. Jensen Investment Management Inc. boosted its stake in Teradata by 67.1% in the 2nd quarter. Jensen Investment Management Inc. now owns 25,440 shares of the technology company’s stock worth $912,000 after buying an additional 10,220 shares during the last quarter. Swiss National Bank boosted its stake in Teradata by 1.3% in the 2nd quarter. Swiss National Bank now owns 218,259 shares of the technology company’s stock worth $7,825,000 after buying an additional 2,900 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Teradata by 33.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 62,511 shares of the technology company’s stock worth $2,241,000 after buying an additional 15,650 shares during the last quarter. Ardevora Asset Management LLP boosted its stake in Teradata by 53.0% in the 2nd quarter. Ardevora Asset Management LLP now owns 1,161,441 shares of the technology company’s stock worth $41,638,000 after buying an additional 402,500 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in Teradata by 25.4% in the 2nd quarter. Advisory Services Network LLC now owns 1,347 shares of the technology company’s stock worth $48,000 after buying an additional 273 shares during the last quarter. 96.67% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently commented on the company. Royal Bank of Canada decreased their price objective on Teradata to $40.00 and set a “market perform” rating on the stock in a research note on Friday. TheStreet lowered Teradata from a “b-” rating to a “c” rating in a research note on Friday, May 3rd. Morgan Stanley increased their price objective on Teradata from $57.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday. Zacks Investment Research lowered Teradata from a “hold” rating to a “sell” rating and set a $29.00 price objective on the stock. in a research note on Monday, May 27th. Finally, Barclays reaffirmed a “sell” rating and set a $33.00 price objective on shares of Teradata in a research note on Sunday, May 5th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $42.29.

Teradata announced that its Board of Directors has initiated a share repurchase program on Thursday, August 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 11.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Teradata Company Profile

Teradata Corporation provides hybrid cloud analytics software. Its solutions and services comprise software, hardware, and related business consulting and support services to deliver analytics in company's analytical ecosystem. It operates through three segments: North America and Latin America region; Europe, Middle East and Africa region; and Asia Pacific and Japan region.

Read More: What is a blue-chip stock?

Earnings History for Teradata (NYSE:TDC)

Receive News & Ratings for Teradata Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradata and related companies with MarketBeat.com's FREE daily email newsletter.